2023 UGX to CVE Historical Review

YEARLY HIGH

0.0283 CVE

YEARLY LOW

0.0263 CVE

YEARLY AVERAGE

0.0274 CVE

2023 UGX to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UGX to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.0283. Conversely, the yearly low was recorded on December 29, dropping to 0.0263.

This high-to-low spread represents a total annual volatility of 0.0019 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0278 to the December average rate of 0.0268, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0283 was down 8.02% compared to the 2022 peak of 0.0307, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 UGX based on timing:

Yearly Peak High 141 CVE

2022 Average 142 CVE

Yearly Trough Low 132 CVE

Transaction Impact: A difference of 9.70 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0281

0.0266

JanuMarcMayJulySeptNove

UGX to CVE Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0275, compared to 0.0273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0275

H2 Avg (Jul–Dec) 0.0273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0014 CVE (High: 0.0282 / Low: 0.0268). On the other end, April was the most stable month, with a tight range of 0.0005 CVE (High: 0.0271 / Low: 0.0266).

March Spread (Volatile) ±0.0014

April Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0280) against the same month in 2022 (average: 0.0278), the exchange rate shifted by +0.0002 (+0.70%).

2023 Avg (February) 0.0280

2022 Avg (February) 0.0278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0282	0.0275	0.0278
February	0.0283	0.0274	0.0280
March	0.0282	0.0268	0.0276
April	0.0271	0.0266	0.0269
May	0.0277	0.0269	0.0273
June	0.0282	0.0273	0.0275
July	0.0278	0.0267	0.0273
August	0.0280	0.0269	0.0275
September	0.0279	0.0273	0.0276
October	0.0282	0.0276	0.0278
November	0.0278	0.0265	0.0271
December	0.0274	0.0263	0.0268